How to Help a Client with Lapsed Coverage
Finding and maintaining Workers’ Compensation coverage can be a stressful, expensive, and time-consuming process for your clients, especially those in high-risk injuries . . . but not having Workers’ Compensation can make the situation even worse! When a client fails to maintain their Workers’ compensation coverage, it is called a lapse in coverage.
A lapse in coverage can lead to many issues for your clients. In most states, Workers’ Compensation coverage is required by law, which means clients with lapsed coverage can face hefty fines or even jail time.
If a client doesn’t have the right Workers’ Compensation coverage, it can also make it difficult for their employees to find medical care and relief after a workplace injury, like a slip-and-fall or a machinery accident. Without coverage, your clients may also find themselves liable for workplace accidents or injuries. This makes a lapse in coverage especially dangerous for clients in high-risk industries, like cannabis, transportation, or warehouses.
At PEO Insurance Brokers Network, we can help you find the right coverage for your high-risk clients, even if they are dealing with a lapse in coverage. We provide Workers’ Compensation coverage to businesses in need, no matter the risk, and will help you find the best PEO coverage and savings for your clients in high-risk industries like manufacturing, roofing, transportation, temporary staffing, and more. To learn how we can help you find coverage for your clients with lapsed coverage, please reach out to receive a quote.
